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Bullish on NE ...
NE
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+71.64%
in
239 days
Noble Corporation provides contract drilling services for the oil and gas industry. As of December 31, 2008, it offered drilling services with a fleet of 63 mobile offshore drilling units, including 13 semisubmersibles, 4 drillships, 43 jackups, and 3 submersibles. It also provides labor contract drilling, engineering and consulting, and project management services. The company offers its services principally in the United States, the Middle East, India, Mexico, the North Sea, Brazil, and West Africa. Noble Corporation was founded in 1921 and is based in Sugar Land, Texas.
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Tightest ship in the offshore drilling business
NE
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-22.39%
in
485 days
NE's financials compare favorably with other drillers, for e.g. RIG. It has been a volatile time recently in Energy stocks, but after NE reported earnings, it seems that investors are finally understanding that NE's revenues are not tied to the price of oil on a given day. NE has contracts spanning months and years out; just because the price of oil has dropped recently does not mean there is no need to drill for it.
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Not Oil Services, just offshore rigs
NE
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-28.88%
in
569 days
The offshore rig rental business has a positive five year picture; even if oil prices come down, $80 to $100 oil will still justify spending on this expensive form of oil drilling. With only a few companies w/ the offshore rigs to rent and the expertise to run them (NE, RIG, DO, ESV), the picture for this subset of oil services is very positive. However, please note that over the next couple of years, the Gulf of Mexico and the North sea may be less profitable areas when compared to Latin America and the Middle East.
The two best companies are NE (best run) and RIG (largest). < />< />< />< />< />< />< />< />< />< />< />< />< />...
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NE
NE
-17.15%
in
865 days
Noble Drilling Corp. the target was raised to $150 today by Smith Barney so keep it on the radar. This stock breaks out over $102.50 per share.
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From the Blogosphere
Notable Analyst Rating Changes 10/26: MSFT, SLB, AXP, NE Upgraded; FITB/STI/USB, PBI, HRB, HBC Downgraded
UPGRADES:Canaccord Adams upgrades Microsoft (NASDAQ: MSFT) from Hold to Buy and raised their price target from $24 to $34. Click Here for more color.Capital One Southcoast upgrades Schlumberger (NYSE: SLB) from Neutral to Add. Price target $76. Click Here for more color.Stifel Nicolaus upgrades American Express (NYSE: AXP) from Hold to Buy; sets a price target of $50. RBC Capital upgrades Noble Corp (NYSE: NE) from Sector Perform to Outperform.For daily real-time Upgrades go to http://www.streetinsider.com/UpgradesDOWNGRADES:Rochdale Securities' bank analyst Dick Bove downgraded Fifth Th...
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Bet on Oil?
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In the October 2009 issue of Esquire includes some stock tips from Ken Kurson. Off and on throughout the years, Mr. Kurson has written a column called "The Portfoilo" in which he shares his thinking about the markets and he usually gives you a few ticker symbols to consider.
This month, Mr. Kurson focused on oil stocks and how to place your bets on the future on energy. He referenced a small global macro hedge fund called CommonWealth Opportunity capital. Here's a copy of their August letter to shareholders.
Ken Kurson sees oil going higher. He recommends a diversified approach...
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Noble (NE): 'Jackup' profits
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 "Noble (NYSE: NE) offers a compelling combination of deepwater and international 'jackup' drilling exposure," says energy expert Elliott Gue in his The Energy Strategist.
"The stock is cheaper on a price-to-earnings and price-to-cash flow basis than most other contract drillers. "In total, Noble has 14 deepwater and ultra-deepwater rigs operating in the Gulf, with all but one of these rigs contracted through early to mid 2011. Its booked contracts amount to around $10.6 billion, a solid base of defensive, visible earnings. <>"The fundamental upside turnaround potential for Noble resides in i...
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Analyst upgrades, downgrades and initiations: ARUN, MOS, POT, AGU, EGLE, DO, MON, SWCEY, TDC and ABC
Analysts Are Clueless on Noble
Following the energy companies through their earnings for a number of years now, it as become apparent to me that while it is extremely difficult to predict earnings going into the future, nobody even does a mediocre job at this for a number of energy companies.  <>This is very understandable for small capitalization companies as well as refiners and exploration and production companies because their mid-quarter transparency is not very high for the most part. This shouldn’t be true of many of the major integrated companies, and it definitely is not true for companies such as <>Noble Corp. (...
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About Noble Corp.
- Answers.com
